It should be that BN has such strong liquidity, and it can still smash tens of millions of knives......
Another curious point is that those projects that were said to have been smashed by MM without permission, who were really cheated, and who were originally planned to sell the money but were discovered by users
CoinDesk's revelation tonight is a bit big.
· Movement signed a market-making agreement with intermediary Rentech for 60 million MOVE, and as a result, after listing on Binance, the company sold $38 million.
· The contract shows that Rentech, which is both a Web3Port subsidiary and an agent of the Movement Foundation, is suspected of being an internal rat trap.
· The person who led this contract is suspected to be Rushi, who was related to Wanhui in the previous sequel.
· Now Movement co-creator Rushi and consultant Sam are under investigation, the latter of whom is alleged to be the driving force behind the main events behind the scenes.
· Rentech, the intermediary company on Web3Port's side, responded that these contracts and decisions were agreed to by the people on the Movement Foundation's side, but the people at Movement now deny any involvement in the creation or drafting of the contracts.
· The agreement requires that when the total market value of MOVE exceeds $5 billion, the intermediary market maker can sell the token to retail investors, and the profit will be split between the project and the project party.
In short, after investigation, everyone is denying it, and Movement has begun to fight internally over this matter, and the founder and co-creation are now in a state of confrontation.
2.65K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.